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20121201
20121231
Search Results 0 to 3 of about 4 (some duplicates have been removed)
, waiting for breaking news out of washington on a matter that has no business being breaking news. this was an entirely anticipated crisis, one that is completely of washington's creation, even at this late moment, washington still ready to gamble with your economic future instead of conceding some ground to conclude a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in t
to go before america goes over a fiscal cliff. an outcome looking more likely every hour. washington's willingness to take america to the brink threatens its prosperity. i'm ali velshi. this is "your money." the latest negotiations comes down to useless symbolic moves and haggling between grown men. put bluntly, your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than a million dollars a year. and he wants to replace automatic cuts in defense spending set to start early next year with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover norquist and that ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach to the budget. republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our wa
grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for ten years ago, it doesn't really count as a tax hike when they're already scheduled to take effect. so as long as republicans can just keep the revenue below what taxes would raise to in full expiration of the bush tax cuts, they won't be violating the pledge. >> kevin, that sounds incredibly reasonable. do you think grover norquist shares that interpretation? >> so there's an important distinction to be made between what the pledge actually says and what americans for tax reform, his activist organization advocates for. as grover said himself, the pledge is to the american people, not to grover norquist. so it's not just, you know, republicans need grover norquist's approval for what they want to do. it's more that americans for tax reform wants to keep tax rates low despite the
Search Results 0 to 3 of about 4 (some duplicates have been removed)